Should the Southfield, Mich.-based CenCorp’s 330 members vote to approve the merger during a special meeting on April 4, Furbee said he anticipates the merger would occur by the end of April.

The consolidation would push the surviving Alloya’s assets to nearly $3 billion, making it roughly the same size as the $2.7 billion Catalyst FCU of Plano, Texas. Only the $4.2 billion Corporate One FCU of Columbus, Ohio, would be larger.

CenCorp members would convert to Alloya systems later this year, Furbee told members in the letter. He also said Alloya members can learn more about the merger during the corporate’s next scheduled transparency webinar on Thursday, March 28.